The Actual Grail

Quote from Allaces:

It's a nice chart but the MACD zero line tells you everything you need to know.. But the divers speak to you so shine on you crazy diamond.. the market speaks a million languages but you only need to learn one
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MACD zero line is insignificant. MACD Histogram zero line is important for divergences.
 
Quote from Buy1Sell2:

Yes. Class A would be indicator moving one direction and prices moving the other. Class B would be one of them staying in basically a straight line while the other moves
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Yes, thanks. I look for divergence in threes, find these patterns to be reliable and often significant moves.
 
Quote from Buy1Sell2:

Now I should also mention here, that it is very important for traders to focus less on being right in a trade and more on letting a winner run and cutting a loss short. I offer the grail structure here as a good entry an exit system, however when it is wrong, you need to get out--When it is right, you need to stay in. Way too much emphasis is placed on "being right" which is where these call services intend to make their money. I would rather be wrong most of the time and right some of the time, if I let the some of the time trades run and cut the most of the time trades early. You heard this quote here first " The desire to be right is greater than the desire to make money" :)
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Bump---Izzy:)
 
I never found RSI to be a consistent trading tool. I cannot really discern how you use it for trading, from the posts in this thread. If you can elaborate on your pseudo algorithm, it would be most appreciated.
 
Quote from hayman:

I never found RSI to be a consistent trading tool. I cannot really discern how you use it for trading, from the posts in this thread. If you can elaborate on your pseudo algorithm, it would be most appreciated.
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RSI grail gives a momentum signal either up or down and then you use prudent money management which includes letting the full position run. It's that simple--Izzy:)
 
RSI is just an indicator when combined with other signals you can make an educated trade with proper money management. No 1 indicator can be the basis for a trading plan, you forget the other components to become a successful trader. don't limit yourself to just 1 tool but learn to incorporate many tools to trade.
 
Hi Buy1Sell2,

I like your posts and your Grail system.

Is their a manual to explain the Holy Grail system?
I can not find a link to download it.
Could you please repost the link for me?

Thanks,
Magnum
 
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